If you have too many customers and you can’t keep up; if your business’ revenue streams are more like Tsunamis, social media is optional for your business. If not, you need to embrace it today. Here’s why:
We are a very mobile society. Businesses can’t count on the foot traffic they once did or people just driving by and stopping in. We’re in our cars, going to the next appointment at lightning speed. There’s no time to just drop into a new store or business.
Social Media Establishes Know, Like and Trust
If you sell something that no one else does and people feel like they absolutely must have it, then forget about social media because you needn’t establish know, like and trust. For everyone else, it’s essential in the sales process. Someone buying from you must first know that you exist, then wants to like you/your company before doing business with you, and finally, they need to trust that you are providing a worthwhile product or service that is of good quality or value. Without those three very important things, you won’t be very effective in today’s non-ad-driven marketplace.
There’s good news and bad news about how consumers make decisions today. The good news is your business can stand out with very little money investment. You don’t need radio or television to make an impression anymore. There are millions of people you can reach through social media. However, the bad news is you can’t blast them with your marketing message and expect them to respond by pulling out their wallets. Now you have to develop a connection with them and establish “know, like, and trust.” This takes time. Old marketing success took money.
Your Content Gives Buyers Something They Need
When you share helpful, valuable content on social media you do more than establishing know, like, and trust. You provide helpful resources for customers who are trying to make decisions (and you can influence them through providing the much-needed help, particularly in a long buying cycle) and you give them social currency.
Just as you want to provide content your audience finds valuable, so do your customers. There’s a lack of great content out there. It’s hard to find it and there’s an unquenchable need. When you provide content your audience enjoys and thus shares, you become a source for them to build up, and meet the needs of, their tribe as well.
This makes your audience feel good because their tribe appreciates what they’ve shared. You’re making your customer (or potential customer) look good. That’s something they will remember and keeps your business being on your customer’s mind.
Social Media Is No Longer Mere Entertainment
If you have been ignoring the social webs because you think it’s all pictures of gourmet meals and cat videos, you’re in for a surprise. 88% of Millennials (Millennials are the largest generational cohort in the history of the US and make up a quarter of the population currently) get their news from Facebook. While this may be a little disconcerting for some of us, the fact remains and speaks to the importance of social media in the lives of so many.
If you think social media is only for the young, think again. 72% of adult Internet users use Facebook, according to the Pew Research Center. 62% of the entire adult population in the US uses Facebook. Why aren’t you on it again? Before you answer, take a look at the chart of Facebook demographics.
Social Media Establishes a Connection
Today’s buyers want to feel a connection with the companies they do business with. From being involved in R&D to voting on names for new products, from selecting new flavors to supporting a larger cause, people want to “feel” something about the brands they support.
You can’t meet every one of your customers. You can’t take them out to coffee and get to know them because it doesn’t scale. As much as you may have an interest in them, it’s not possible to form personal, one-on-one relationships with each, but you can reach them en masse and make them feel like they know you and your business.
Social media allows you to give them a better look at who you are by setting a tone for your business and telling your business story. It also allows you to celebrate your customers in a way traditional marketing can’t. You have the opportunity to reach them all-day long, every day with content they will find value in for no more money than that associated with your time.
Social media isn’t a passing fad. It’s a business necessity today. If you’re not meeting your customers’ needs on social media, you can bet there is someone out there who’s willing to take up the slack for you.
Image via Graphic Stock
Christina R. Green teaches small businesses, chambers, and associations how to connect through content. Her articles have appeared in the Midwest Society of Association Executives’ Magazine, NTEN.org, AssociationTech, and Socialfish. She is a regular blogger at frankjkenny.com and the Event Manager Blog. She’s a bookish writer on a quest to bring great storytelling to organizations everywhere.